No it's not, but it is important. Without net neutrality, ISPs can throttle connections to certain sites that they don't like/go against their political views. It also prevents ISPs from charging extra to visit sites. Without net neutrality, this https://imgur.com/a/1Mjrp can become a reality.

that's an exaggeration. It could happen, but it likely won't because net neutrality was only introduced around 3 years ago. I'm not saying that getting rid of net neutrality isn't bad, but it's not going to be the end of the world if it is repealed.